Sberbank has become the first Russian bank to carry out a payment transaction using the blockchain technology, which allows transfers within a few seconds.
Major Russian businessmen are interested in cryptocurrencies, while one tenth of the Forbes list invest in this new kind of financial tool.
A senior official at Russia’s Central Bank insists the so called initial coin offerings (ICOs) could drive funding opportunities for startups, which is why the regulator is ready support the development of the blockchain funding model.
The deputy head of Russia’s central bank Olga Skorobogatova has stated that cryptocurrency mining as a business has to be registered and taxed. The official insists that mining is more than just production of cryptocurrencies. “Mining is validation of transactions that are represented as blocks on the blockchain. Validation is.
In a rather peculiar twist of events, funeral marketplace TombCare has offered Gennady Zyuganov, the leader of the Communist Party of Russia, to bury Vladimir Lenin’s body and record the information on the burial ground on blockchain.
Speaking at the state-owned TV channel Russia 1, the country’s finance minister Anton Siluanov has stated that bitcoin will not replace ruble for internal settlements.
Russia’s appetite for Bitcoin has been overblown by the media, the head of Russian bank VTB International Riccardo Orcel said Tuesday.
Sberbank, Russia’s largest bank has joined Enterprise Ethereum Alliance seeking a new way to capitalize on international markets. The bank is the first Russian bank to become a member of the alliance.